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Hotel Development in NYC Hotel Development In Hotel Development in NYC Hotel Development in NYC Welcome to New York. The hotel pipeline of active developments, renovations, restorations, and expansions continues to outpace the US growth picture. With an active inventory across the five boroughs of more than 117,300 hotel rooms; the city is attracting new brands, international properties, authentic neighborhood independents, and a wide-ranging collection of select service brands, business class hotels, lifestyle and boutique properties, and new luxury destinations. This report covers more than 200 hotels and projects that represent almost 40,000 net room additions to the city’s diverse inventory between 2015 and 2020-2021. So far, this year, we have added six new hotels representing 1,685 additional rooms through April 2018. Looking out to 2020 there are another 121 projects in the development pipeline bringing the room capacity to 138,000 rooms or more. Exciting developments through the second half of 2018 will include the Times Square Edition, a new citizen M Hotel, the Spanish AC Hotel in downtown, two new Moxy branded properties (Chelsea and Downtown), and a new Ace hotel-affiliated Sister City on the Bowery. Brooklyn will see the opening of several independents including Baltic Huis, The Hoxton Brooklyn, and the Bond Hotel. Queens hotel development is moving beyond the airports to exciting neighborhoods in Long Island City, Flushing, Jamaica and Fresh Meadows as several properties will open including a Hilton Garden Inn, Hotel Indigo, SpringHill Suites and a dual branded Courtyard by Marriott/Fairfield Inn & Suites. Less well known, but definitely on the visitor map, are the new developments in both the Bronx and Staten Island. By year end the active inventory is expected to reach 125,300 rooms. Manhattan hotels have expanded beyond midtown and can now be found from Harlem to Roosevelt Island, from the Upper Eastside to Lower Manhattan, the Village, Chinatown, and the Seaport District. As exciting visitor destinations Chelsea, NoMad, Meatpacking, Tribeca and Hell’s Kitchen evolve, new hotels are finding unique opportunities for renovated and newly built properties. The Javits Center and Hudson Yards as well as Times Square and the Theater District have spurred exciting growth, especially in mid-priced hotels, throughout these neighborhoods. Paired with the City’s existing world-class inventory, options exist at every price point and desired length of stay. From one-night visits to extended stays, from family suites to business class accommodations, from pod-like quarters to spacious penthouses, the City has rooms to suit all traveler needs and preferences. The opportunities for any business, group or independent leisure traveler are immense and continuously improving. Already looking ahead to 2019 the city’s hospitality industry is planning for the addition of an estimated 9,000 rooms in at least 47 new developments in all the boroughs. This will include the return of the landmark Chelsea Hotel, the Eero Saarinen designed TWA flight center returning as the 512 room TWA Hotel and meeting center, new brands making their home in New York including Equinox, Moxy, Six Senses, Pestana and Hyatt Centric. The new product in 2020 currently represents at least 17 new properties and over 2,500 new rooms and includes more new brands with a Virgin Hotel and an Aman Hotel. Active Room 2010 2011 2012 2013 2014 2015 2016 2017 YTD YE 2019 Next Gen to 2020 Inventory 2018 2018 (f) (f) NYC Hotels (f) Rooms (000s) 86.6 89.7 92.0 95.6 102 107 112 116.5 117.3 125.3 136.5+ ≈138+ HOTEL DEVELOPMENT -NYC Total Manhattan Brooklyn Bronx Queens Staten Island Hotels opened 2015-2016 60 42 10 2 6 -- Hotels opened 2017 37 18 7 2 10 -- Hotels Jan-April 2018 6 5 -- -- 1 -- Hotels in May 2018 Pipeline & 121 61 20 7 31 2 Beyond Rooms in Current Pipeline (estimates based upon available data, 22,080 est. 14,200 est. 2,200 est. 725 est. 4,700 est. 255 est. all estimates rounded to nearest 100) 1 NYC & Company May 2018 Editor’s Note: This report is prepared for the travel trade to aid in planning and product development. It is for reference only. Information about many of the City’s new and proposed hotel projects are provided below. It is not intended as a complete list. As plans continue to change frequently, please contact hotels directly for additional information. All projected opening dates are provisional. At the time of publication, the list of hotel properties under construction was still expected to open on or near their scheduled or projected completion dates. The vagaries of construction permitting and the pressures of securing financing throughout the construction cycle may influence the actual dates; however, the properties listed here were already permitted, and in most cases demolition and/or excavation had begun. Room counts and other details are subject to change. Under Development for 2018 and beyond (Listed in chronological order of estimated open date) NEW additions and updates to the list are indicated. Unless otherwise noted properties are in Manhattan. Hotels marked with an asterisk (*) are new build. All dates are approximate and subject to change. Park Terrace Hotel—226 rooms* 18 W. 40th Street Projected opening: Spring 2018 This 226-room boutique hotel is being built directly across from Bryant Park and steps away from Broadway to the west and Fifth Avenue to the east. The location adds to the revitalized midtown corridor. The Times Square EDITION—452 rooms* 701 7th Avenue at 47th Street Projected opening: June 2018 A newly built Marriott Edition boutique hotel is in development on Seventh Avenue in the heart of Times Square will be the second member of this growing brand in NYC. The building recently topped out bringing it to 42 stories above the excitement of Times Square. The building will also be home to the new year-round NFL Experience. Mr C. Seaport Hotel—66 rooms 33 Peck Slip Projected opening: June 2018 The Cipriani family will open its first New York City hotel in the Seaport District at the East River in Lower Manhattan in early 2018. Courtyard by Marriott // Fairfield Inn & Suites—218 rooms* 183-17/185-17 Horace Harding Expressway, Fresh Meadows, Queens Projected opening: June 2018 East West United Realty Development is working on this dual-branded Marriott project which offers a 123-room Courtyard Hotel and a 95-room Fairfield Inn & Suites both with underground parking. Baltic Huis—34 rooms* 489 Baltic Street, Boerum Hill, Brooklyn Projected opening: July 2018 Work continues on a low-rise boutique hotel with a restaurant below that will reflect the feeling of the surrounding neighborhood. The property is joining the Ascend Collection. citizenM Hotel—315 rooms* 189 Bowery Projected opening: July 2018 A second CitizenM Hotel is slated to open in the newest arts district in Lower Manhattan. AC Hotel Downtown—274 rooms* 151 Maiden Lane Projected opening: July 2018 Marriott Corporation’s partnership with Spanish AC Hotels will launch a new hotel in Lower Manhattan’s Financial District. Located along the East River, joining the developing South Street Seaport area, the new hotel will have a restaurant and retail space. The Hoxton Brooklyn—175 rooms* 93 Wythe Avenue, Williamsburg, Brooklyn Projected opening: July 2018 Construction has topped out on this nine-story new hotel. Honoring the neighborhood, the building will include manufacturing space on the ground floor, together with two restaurants and a roof terrace. TownePlace Suites by Marriott—113 rooms* 326 W. 44th Street Projected opening: August 2018 This seven-story hotel project is being developed by Sam Chang in the Times Square area. M&R Hotel Management owns the management contract. NYC & Company May, 2018 2 NEW Insignia Hotel, an Ascend Hotel Collection Member—87 rooms* 737 61st Street, Sunset Park, Brooklyn Projected opening: summer 2018 This is a newly constructed six-story mixed use building in an emerging arts and food district in Brooklyn will house 87 hotel rooms alongside 30,000+ square feet of community facility space. The hotel will be part of the Ascend Collection. The FIDI—143 rooms* 11 Stone Street Projected opening: summer 2018 A 27-story new hotel is rising in Lower Manhattan. The building developed by Premier Emerald LLC and designed by Shiming Tam is being designed to fit into the historic character of the neighborhood. Microtel Inn & Suites by Wyndham—80 rooms* 29-12 40th Ave, Long Island City, Queens Projected opening: summer 2018 This 12-story hotel will be operated by Marshall Hotels & Resorts. Just minutes away from midtown, the new hotel will bring more capacity to a thriving neighborhood popular with leisure travelers. M500 Hotel—188 rooms* and 59 apartments 500 Metropolitan Avenue, Williamsburg, Brooklyn Projected opening: summer 2018 Moxy NYC Downtown—228 rooms* 26 Ann Street Projected opening: summer 2018 Tribeca Associates is developing a 24-story building to house a 228-room hotel, retail space and a bar lounge area. Within steps of the Fulton Transit Hub, One World Observatory and the new arts and commercial developments in Lower Manhattan, this property is ideally located for business and leisure travelers. The Artezen Hotel—128 rooms 24 John Street Projected opening: Q3 2018 A former office building in Lower Manhattan is being converted to a new 21 story hotel. Just off lower Broadway the property will offer a high-end hotel experience with a restaurant in a constantly evolving and vibrant neighborhood with transportation, arts, shopping, business and dining options nearby. Hotel Aliz—287 rooms* 310 West 40th Street Projected opening: September 2018 This 42-story hotel is being designed by Andres Escobar and developed by 310 Group LLC. When completed it will be one of the tallest hotels in the city with a restaurant and lounge on the top floor.
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